Location: Moody County, SD | Metro: Lake County, SD
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $335,050 | 0.41% | F |
| 4BR | $1,700 | $431,768 | 0.39% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 57017 reveals a market that falls into the category of moderate yield with low stability. The key figures that drive this classification are as follows:
On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. However, the actual market rent in ZIP 57017 is $750, indicating a lower-than-average rental income potential. When compared to the median home value of $349,276, the rental income appears modest, suggesting that the property appreciation and rental income together do not offer a high yield relative to investment costs.
Regarding stability, the data paints a less favorable picture. Only 15.1% of the residents are renters, which implies a smaller demand for rental properties and potentially higher vacancy rates. The average daily days on market (DOM) figure is not available, but the median household income stands at $96,447. This income level, while decent, does not guarantee stable rental income due to the low percentage of renters and the lack of information on how quickly properties are rented out.
To summarize, ZIP 57017 is best characterized as a moderate yield market with low stability. The rental income of $750 is below the metro FMR of $930, and the low percentage of renters at 15.1% suggests challenges in maintaining consistent occupancy. The median home value of $349,276 and median income of $96,447 provide context but do not compensate for the other factors that influence stability and yield.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.